- These holes prove that the south body is connected. This is lower grade, but will dramatically increase tonnages in that connected body.
-The first new hole into the North body has hit high grade copper/gold and is in the lab. This will also add serious tonnages of high grade.
-Extending the JV below 200m is a smart idea. The rigs are there and they will be the miners. This is also pointing out that more high grade potential exisits on site, so enjoy the ride as we go deeper. This looks like the partner will drill another 5000m of deeper holes.
-They are both looking at speeding up the development of Mabilo for excellent cash flow margins. This will also explain why they may wish to extend the JV and just get on with it.
-More high grade holes to come.
SRM Price at posting:
27.5¢ Sentiment: ST Buy Disclosure: Held
